Galaxy Digital’s first over-the-counter (OTC) option trade, executed earlier this week, marks a tangible step toward bringing the conventional financial system onto decentralized finance (DeFi) infrastructure. LedesmaLyllah writes
, executed earlier this week, marks a tangible step toward bringing the conventional financial system onto decentralized finance infrastructure.
“One thing that 2022 has told us is that DeFi performed exceedingly well while CeFi and some traditional methodologies for transacting had some challenges,” Jason Urban, Galaxy’s global head of trading, said in an interview this week with CoinDesk TV. This is a big step forward in bootstrapping the liquidity needed to help DeFi derivatives continue to grow, according to Christopher Newhouse, an independent crypto derivatives trader. He added that Aevo OTC is a unique offering as it focuses on some of the popular altcoin options which are not traded on screens and are all OTC.
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